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First Hydrogen Corp., also known as FIRST HYDROGEN, is a Vancouver, Montreal, and London-based company focusing on zero-emission vehicles, green hydrogen production, and distribution. The company has partnered with AVL Powertrain and Ballard Power Systems Inc. to design and build hydrogen-fuel-cell-powered light commercial vehicles (FCEVs) with a range of over 630 kilometers. First Hydrogen is actively trialing these vehicles with fleet operators in the United Kingdom and is in the process of developing a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The company recently completed a successful trial with Amazon, showcasing the performance and efficiency of its FCEVs in real-world conditions, leading to plans for expansion into Europe and North America.
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First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) hosted a successful Track Day at the HORIBA MIRA proving ground in England, drawing interest from twenty-one fleet operators and industry specialists from Europe and the UK. The event showcased the Company's hydrogen-fuel-cell powered vehicle (FCEV) to operators of more than half a million vehicles, reflecting the significant growth potential of the global hydrogen vehicle market estimated to expand at ~45% CAGR between 2023 and 2035, reaching US$45 billion.
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First Hydrogen Corp. will hold a track day on October 31 at HORIBA MIRA, UK, to test drive its hydrogen-fuel-cell powered vehicles. Attendees from various industries will have hands-on access to the vehicles and the opportunity to discuss their introduction into their own zero-emission fleets. The global electric vehicle market is projected to grow to US$1,579.10 billion by 2030. First Hydrogen's vehicles have achieved a range of over 630km (400 miles), surpassing the minimum range requirement of the zero emission vehicle mandate.
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First Hydrogen Corp. to host track day for UK fleet managers to showcase hydrogen fuel cell vehicles
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First Hydrogen Corp. will be exhibiting at Fleet & Mobility Live in the UK, showcasing its hydrogen fuel cell-powered vehicle. The company's first UK road trials with fleet management company Rivus showed positive results, with the vehicle performing well and maintaining efficiency. The trials also demonstrated a range of over 630km on a single refueling. First Hydrogen aims to demonstrate the value of its hydrogen-powered vehicles from a cost perspective and build a business case for adoption.
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First Hydrogen's FCEV performs well in independent analysis, showing robust efficiency compared to BEV and diesel vehicles.
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First Hydrogen Corp. announces opening up fleet trials for hydrogen-fuel-cell-powered vehicles for parcel delivery companies, targeting the growing market. Parcel delivery vehicle market size predicted to surpass $210 billion by 2032. Hybrid engines and fast hydrogen refueling provide operational flexibility and reduce vehicle downtime. CEO sees hydrogen mobility as a realistic solution for last-mile delivery operators.
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First Hydrogen Corp. receives positive report from fleet management provider Rivus on their hydrogen-fuel cell powered vehicle (FCEV). The report highlights FCEV's robustness over EVs in terms of vehicle efficiency and range. The FCEV showed an unbeatable range and refuelling time of less than 5 minutes. Tests conducted by Rivus covered over 700 miles and included diverse driving conditions. Rivus praised the FCEV for its quick refuelling times and zero emissions.
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First Hydrogen Corp. has been recognized as one of the top 10 companies making an impact in the hydrogen industry. The global green hydrogen production capacity has increased by 44% in 2022. Goldman Sachs projects clean hydrogen as a major emerging market with the potential to reduce global GHG emissions by 15%.
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FAQ
What is the current stock price of FIRST HYDROGEN (FHYDF)?
The current stock price of FIRST HYDROGEN (FHYDF) is $0.29765 as of October 15, 2024.
What is the market cap of FIRST HYDROGEN (FHYDF)?
The market cap of FIRST HYDROGEN (FHYDF) is approximately 21.4M.
What is First Hydrogen Corp. focused on?
First Hydrogen Corp. is focused on zero-emission vehicles, green hydrogen production, and distribution.
What are some of the key partnerships of First Hydrogen Corp.?
First Hydrogen Corp. has partnered with AVL Powertrain and Ballard Power Systems Inc. to design and build hydrogen-fuel-cell-powered light commercial vehicles (FCEVs).
Where are the hydrogen-fuel-cell-powered vehicles being trialed?
The vehicles are being trialed with fleet operators in the United Kingdom.
What plans does First Hydrogen Corp. have for expansion?
First Hydrogen Corp. plans to expand its trials to Europe and North America after showcasing the success of its FCEVs in real-world conditions.
What is the range of the hydrogen-fuel-cell-powered light commercial vehicles?
The FCEVs have a range of over 630 kilometers, making them suitable for various commercial applications.
FIRST HYDROGEN CORP
OTC:FHYDF
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